If allotted, loan can be considered under Star Home Loan Scheme, subject to Bank’s norms and loan amount of EMD can be adjusted against Home loan to be sanctioned;

In case allottee is not sanctioned a Housing Loan or is not interested in Bank’s loan the advance will have to be repaid in 12 equated monthly instalments including up to date interest. ROI in such case will be @ 5.00% above Base Rate;

If not allotted, the refund amount will be appropriated towards repayment of loan, and upto date interest.

Interest amount exceeding upfront amount paid, to be paid separately.

Processing/Handling charges

One time Rs.500 per application

Third Party Guarantee (TPG)

Third Party Guarantee of a person acceptable to the bank including that of close relative to be submitted.

For further information please contact nearest Branch of the Bank. Loan at the sole discretion of Bank of India.